Paya Lebar Quarter is a mixed development that will offer a mix of retail, office and residential space. Located right next to Paya Lebar MRT station, Paya Lebar Quarter offers an attractive and alternative office space out of the CBD area. Developed by a consortium which includes Lend Lease, a property giant from Australia with a portfolio of projects around the world including London, China and Japan, the mixed used development is sure to benefit from Lend Leases’s urban renewal expertise. Lend Lease’s impressive track record and wealth of experience will ensure that Paya Lebar Quarter will be a quality development. Projected to be completed in 2018, Paya Lebar Quarter will offer up to 968,750 square feet of office space, 430,560 square feet of retail space, as well as around 440 residential units (Park Place Residences) of different sizes and configurations.
As part of the Singapore Government’s plan to develop commercial hubs at the city fringes, Paya Lebar Quarter sits on one of the three land parcels that will anchor the Paya Lebar Commercial Hub district. Following the high demand for office units at the Paya Lebar Square located on the adjacent land parcel, Paya Lebar Quarter will be an attractive investment and will attract potential tenants looking for an office space in the city fringe, an ideal choice for you if you are looking for a high quality office space to establish your headquarters, as strata subdividing the office component of this development is capped at 5 strata lots, ensuring that you will have ample space within your office unit for your headquarter operations.
The retail element in this development, being right next to the MRT station, will see high human footfall throughout the day. Choose a retail unit at Paya Lebar Quarter, and allow your business to reach out to more customers. Not only will the development be directly connected to the MRT station at both ground and basement levels, it will also be linked to future adjacent developments in the area, bringing more people through this development. There will be plenty of F&B options for you to choose from the retail element in this development, ensuring that you will have no lack of choices whether you are working or living in the development. Furthermore, there are hawker centres such as Geylang Serai Market and other small eateries around the shophouses within walking distances.
The convenience of living in a mixed-use development puts you right at the doorstep of various amenities, reducing the need for travel just to buy your daily needs. With residential, office and retail components within one single development, you may even be able to live, work and shop within the same development. Such convenience allows you to save precious time that you could spend with your family. Working at such close proximity to home also allows you the flexibility of attending to the needs of your loved ones easily.
Future plans for Paya Lebar central include quality public spaces in the form of a public plaza right next to the MRT station as well as a landscaped pedestrian mall along the Geylang Canal. With the adjacent park connector and cycling road along the Geylang River undergoing a major uplift, more people will be attracted to the site, ensuring that your investment choice will be a sound one. Acquiring a residential unit in this development will put you close to other major developments nearby, including Paya Lebar Square, One KM, the Workforce Development Agency’s Lifelong Learning Institute and the future Wisma Geylang Serai. You will be ensured that living in Park Place Residences will put you in an area that will only get more vibrant over the years as it gets increasingly developed.
The convenience of living right next to Paya Lebar MRT Station allows you to travel to and from Changi Airport easily, allowing you to reduce the hassle of travelling to and from the airport for a short weekend getaway or an extended holiday around the world. A home in Park Place Residences also puts you close to schools such as Chung Cheng High School (Main), Tanjong Katong Girls School, Tanjong Katong Primary and Secondary Schools, ideal for families with school-going children.
With a 10-minutes drive to the Central Business District, and a 20-minute drive to Changi Airport,Paya Lebar Quarter offers you easy access to the CBD or the Changi Airport for your business needs. The development is also well connected to the Pan-Island Expressway, allowing you to get to anywhere within Singapore easily should you choose a residential unit in Park Place Residences. It is also well connected to 4 major arterial roads, Paya Lebar Road, Sims Avenue, Tanjong Katong Road and Geylang Road. The close proximity to the adjacent Paya Lebar MRT station also allows you to get to and from anywhere in Singapore easily via public transport on the East-West and Circle Line.
The direct connection to the Paya Lebar MRT station and easy access to amenities in the retail component ensures that your rental yield will be high should you be looking for a residential property to invest in. As the government continues to develop Paya Lebar Central into a vibrant commercial hub in the city fringe, Paya Lebar Quarter ensures that your investment will be a sound one, whether you are looking for a retail or office space for your business, or looking for a residential unit to stay or to invest in.
For more information on Park Place Residences, please register HERE